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Posted by Fred 2012-04-11 00:00||
Front Page|| [150 views ]
File under: Govt of Iran
#1 Ok, so Iran stops selling the oil to Spain and sells it to whom? And from where was that party buying oil before they bought it from Iran? So now old seller to Iran's new buyer has extra oil to sell, which they sell to ... SPAIN!
Simple how that all works out, isn't it?
Posted by crosspatch 2012-04-11 02:39||
#2 Iran has been focussing on sales to India and China, crosspatch. Both have increased needs due to increased prosperity, and no moral objection to Iran becoming regional hegemon on the back of its nuclear program.
Posted by trailing wife 2012-04-11 08:01||
#3 India and China need to hedge their Iranian oil sources, as Iran could dry up in a war of its own making. Like slitting your own throat.
The moral of this story in the short term is to not depend on Iran for crude oil supply, if you are smart.
Posted by Alaska Paul 2012-04-11 14:57||
#4 Iran could dry up
I understand Iran has only about eight years left if they pump at current rates, Alaska Paul. They haven't been able to invest in maintenance and improvement because of sanctions. How they are going to live on pistachios and Persian rugs after that is beyond me.
Posted by trailing wife 2012-04-11 16:37||
#5 There are nations who will not abide by the sanctions, openly or otherwise.
Posted by Pappy 2012-04-11 22:06||